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Laabri

12BS Chapter 5 Supply

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Last updated over 1 year ago
3 Nsɛmmisa
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1.
Draggable itemarrow_right_altCorresponding Item

Subsidy

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quantity of a good or service that a producer is willing and able to supply the market at a given price

External Shock

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as the selling price of a product rises, so businesses expand supply to the market

The basic law of supply

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any form of government support—financial or otherwise—offered to producers

Supply

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a significant and often unexpected change outside a firm's control

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4
Asemmisa {{asɛmmisaAhyɛnsode}}
2.

What does technological change encourage?

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3.

Which of these are factors that can cause change in supply in a market? (choose multiple)